6 days left for APM IPO

The Initial Public Offering of APM Terminals Bahrain, offered at BD0.660 per share for a total of 20 per cent of the company’s issued share capital, will culminate this week on Saturday. With six days left until the application deadline, potential investors can continue to subscribe their interest in the APM Terminals IPO via the ten approved branches of Ahli United Bank (AUB) in Bahrain, in Manama, Seef Mall (Muharraq), Gudaibiya, Riffa, Sitra, Budaiya, Hamad Town, Isa Town Mall, Exhibition road, Mercado Mall (Saar) as well as from Bahrain Bourse and APM Terminals Bahrain.

An electronic version of the prospectus of the IPO offering is also available on the websites of Bahrain Bourse (www.bahrainbourse.com) and the Company (www.apmterminals.com/bahrainIPO) as well as SICO (www. sicobank.com) for investors to download.

The IPO valued at BHD 11,880,000, comprising 18,000,000 shares, is structured with 70pc of the shares on offer allocated to institutional investors (i.e., those applying for over 100,000 shares) while 30pc of the shares will be allocated to retail investors (i.e., those applying for up to 100,000 shares).

The results of IPO applications and allotment basis will be announced on November 26th with the shares subsequently allotted to the investors on November 29th. APM Terminals Bahrain is a joint-venture between Netherlands-based APM Terminals International BV (80pc) and YBA Kanoo Holdings of Bahrain (20pc), a leading diversified regional business group.